IRCTC and Yebhi's partnership was based on a revenue sharing model where Yebhi held inventory for IRCTC and shared about 2-10 per cent of the revenue.
The announcement came late Monday evening - and broke the internet. Elon Musk, the world's richest man, had bought microblogging site Twitter for a neat $44 billion. The little blue bird, which is known to take on many avatars depending on the mood, leanings and interests of who it is chirping for, went into overdrive. While some Twitter users flooded the site with memes and humorous takes on the move, the deal also had a fair share of critics.
Retail investors have gained significant heft in the past year amid a sustained uptick in Indian equities. The share of retail investors in companies listed on the NSE reached an all-time high of 7.32 per cent in the quarter ended December 31, 2021, up from 7.13 per cent in the previous quarter and 6.9 per cent a year ago, the data from PRIME Infobase shows. This was despite the Nifty's 1.5 per cent decline during the quarter.
Passengers were finding it difficult to reach counters to cancel the reserved tickets within the stipulated time and as a result they are losing money
Rabri Devi's lawyer told a Delhi court last week that the former chief minister did not have a passport, and that she has never had one, reports M I Khan.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The retail frenzy over initial public offers (IPOs) seen over the past few months is not without reason. Over the past two years, 61 companies have tapped the primary market and raised funds via IPOs. Of these, 24 companies (nearly 39 per cent companies) have more than doubled at the bourses with Happiest Minds, IndiaMart Intermesh, Indian Railway Catering and Tourism Corporation (IRCTC), Affle India and Route Mobile surging 468 per cent to 722 per cent since their listing date till now. Retail participation in the equity market, according to analysts, has just reached an inflection point due to the low interest rate regime amid lack of investment-worthy avenues that can generate a good return for investors.
However, no refund of the premium will be given in case of cancellation of the ticket
Delivery will be made at 12 selected stations.
After Prime Minister Narendra Modi's announcement of a 21-day lockdown across the country, Indian Railways on Tuesday said that its suspension of all passenger services will continue till April 14. However, freight movement will continue to carry essential commodities across the country, officials said.
The idea is to shift the opening of tatkal bookings to 10 am instead of 8 am.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Stocks of public sector companies, especially the oil refining and marketing companies (OMCs) - Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOC) - logged gains on Tuesday in a weak market. While the Nifty lost nearly 1 per cent in trade on Tuesday, the Nifty CPSE index - a gauge of performance of central public sector enterprises on the National Stock Exchange (NSE) - gained over 3 per cent in intra-day trade. The rally in PSU stocks comes on the back of the BPCL chairman, Arun Kumar Singh suggesting in the company's annual general meeting (AGM) on Monday that the government intends to complete the divestment process in the OMC by March 2022.
It said it will also allow reservation of reserved tickets from common service centres (CSC) and through ticketing agents with effect from Friday. The zonal railways have been instructed to decide and notify opening of reservation counters as per local needs and conditions, the order stated.
'No linen, blankets and curtains shall be provided inside the train. Passengers are advised to carry their own linen,' an order by the Railways said. The order also said that there would be no provision of 'tatkal' and 'premium tatkal' accommodation and there will be very few stoppages during the journey.
They had earlier been called on September 11 and 12 but Lalu did not turn up, citing an ongoing court case in Ranchi where his presence was required, while Tejashwi claimed he had political commitments to take care of.
Get ready for a great safari across some of the best national parks in the country, courtesy the Indian Railways.
As many as 81 per cent people support having rules for consumer e-commerce, but want more services-based platforms to have more clearly defined roles, a survey by community social media platform LocalCircles has found. The survey asked respondents to answer questions based on the recent draft Rules proposed by the ministry of consumer affairs. The responses found 81 per cent consumers wanting sales of products and services over electronic or digital networks to be governed by a set of electronic commerce rules.
Over 120 lakh railway tickets purchased through IRCTC website from April last year to June remained unbooked despite making of payments due to network failure and entry of wrong password by passengers, the Rajya Sabha was informed on Friday.
MakeMyTrip, RBL Bank, Inox wind and IRCTC are among the firms that have made it to the Fortune Next 500 list of Indian companies.
The online railway ticket booking portal of Indian Railways was unavailable for bookings following a failure of the main server of Central Railway Information Systems at Delhi.
Book a rail ticket online and get it delivered at home.
Passengers can now book a meal from the different menu options available as per the choice, for delivery at the opted station or train.
The decision was taken after a suggestion from Lok Sabha Speaker Om Birla.
While in a statement issued earlier, the Railways had said that these trains will be fully non-air conditioned, on Wednesday it said that these will have both AC and non-AC classes and fully reserved coaches.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The 27-year-old former deputy chief minister of Bihar appeared before the agency after evading three notices for questioning in connection with the case, CBI sources said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The National Rail Museum houses seven of the original nine 'Palace on Wheels' coaches.
The ED had registered a criminal case against the Lalu Prasad family members.
On an annual basis, we'll seek out solutions to Indian Railways' most critical problems through 'innovation challenge': Suresh Prabhu
It is understood that this is the second summon by the agency to Rabri after she did not depose before it the first time.
In fact, with the increasing penetration and use of the internet, IRCTC's ticketing revenue has seen an increase of 462 per cent over the past three years. From Rs 704.9 crore (Rs 7.04 billion) in 2006-07 and Rs 1,744.7 crore (Rs 17.44 billion) in 2007-08, the corporation got Rs 3,966.98 crore (Rs 39.66 billion) from sale of online tickets last year.
The number of active cases of coronavirus infection remained below 8 lakh for the second consecutive day.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The government on Wednesday said it will raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs IRCTC, IRFC and IRCON, and proposed merger and consolidation to create globally competitive public sector units.
Only asymptomatic passengers with confirmed e-tickets will be allowed in these trains and they will have to report at the station at least 90 minutes ahead of the scheduled departure.
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